"Regardless of the dry times, we're still seeing properties changing hands, we're still seeing people looking for blocks," she said.

"If a grazing property does still have good grass on it, that's more attractive to buyers.

"Most people are in it for the long haul and they recognise that the drought will eventually break."

According to the report, which was compiled from real estate data from the past 12 months, urban, retail and residential markets have seen a decline, though Mundubbera and Gayndah remained static.

Meanwhile, other fronts look less hopeful, with a drop of 6.1% to $38,500 for residential, multi-unit prices dropping 4.6% to $733,000, and commercial and industrial land dropping 3.2% and 1.4% respectively.

Mrs Duffin said movement in the area of first home buyers was something the region needed to see more of.

"We have a lot of young people renting and I think they can probably pay off a good home for the money they're paying in rent."